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Category: Futures Trading

Futures trading is done by two main parties, one of which is the hedger and the other one is the speculator. Where a speculator is there to trade for either their own accounts or that of their clients, a hedger always uses futures as a possible protection from losses. Hedgers can also be described as individuals or business owners who are more risk averse. Speculators and hedgers are likely to benefit from futures trading if the trader has a strong ability to analyze the markets and understands that future behavior. Though futures can behigh risk, they offer an equally high return and are thus very tempting.

In case you are new to futures trading you need to understand how things work. We at Cannon Trading are there to help with your understanding of all the elements of futures trading and also counsel and advise you with the same. Our knowledge base featured on our website, is a store house of information. In order to know every aspect of futures trading, you must read through these articles that have been listed in this category archive. Go through it and get better informed!

NFP Jobs Data Tomorrow – What to Expect?

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Preview: Nonfarm Payrolls due Friday 5th May 2023 at

13:30 BST / 08:30 EDT

Provided by our friends at NewSquawk. Get a free trial to audio and text breaking news alerts as well as commentary

SUMMARY: Headline NFP is expected to rise by 180k in April, cooling from the prior 236k while the unemployment rate

is seen ticking up slightly to 3.6% from 3.5%. The wages will be eyed to gauge inflationary pressures, and M/M wages are expected to maintain a pace of 0.3% while the Y/Y is seen rising 4.2%, the same pace in March. Labour market proxies have been mixed: initial jobless claims rose in the week that coincides with the BLS survey period, while continued claims moved lower; the ADP added jobs well above expectations, but wages were cool; ISM Manufacturing employment gauge returned to expansionary territory, and the Services employment remained in expansionary territory,

but it did slow from March.

The jobs report will be used to gauge the Fed’s next move, whether that be a pause, or lead to some “additional policy firming”, but it is worth stressing there is plenty of data between now and the June 14th FOMC, while the expected and actual tightening of credit conditions will also be key, particularly after First Republic (FRC) saga and more recently, PacWest (PACW) exploring options.

EXPECTATIONS: Headline NFP is expected to show 180k jobs were added in April, down from March’s 236k, while analyst forecasts range from 94k-265k. This compares to the 3-,6-, and 12-month averages of 345k, 315k, and 345k, respectively. 180k would mark a cooling in the growth of the labour market to levels more consistent with pre-COVID trends, coming down from extremely hot levels. The unemployment rate is seen rising to 3.6% from 3.5%, with forecasts ranging between 3.4-3.7%, but still well below the FOMC’s median view of 4.5% by year-end and at 4.6% by the end of

2024.

READ FULL REPORT NOW

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Plan your trade and trade your plan. 

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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

Futures Trading Levels

for 05-05-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

3b644da2 2bee 4d39 8d98 5208a20bec39

Economic Reports, Source: 

Forexfactory.com

 

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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Crude Oil Futures Market Outlook, Jobs Data and More

Posted on by Ilan
Get Real Time updates and more on our private FB group!

The rest of the week in futures markets:

By Mark O’Brien, Senior Broker

Today’s FOMC trading volume on the ES was one of the lowest I ever seen o an FOMC day!!

Over the weekend of April 1-2 – one month ago, Saudi Arabia and other OPEC+ oil producers announced cuts in their collective crude oil output that amounted to about a million barrels per day. Prior to the announcement – a surprise before the group’s ministerial panel meeting on Monday where analysts expected the oil cartel would hold steady on production – front month crude oil futures had dropped to near 15-month lows approaching $70 barrel. At Sunday’s opening of trading, crude prices gapped up over $5.00 per barrel.

 

If as some analysts surmised after the cuts were announced, which was that OPEC+ was taking pre-emptive steps in case of any possible demand reduction, they were dead on. Since then, renewed fears of recession in the U.S. (seemingly a constant over the last 12 months or so) have once again stoked demand fears in the energy sector. June crude oil futures have since filled the price gap created on that Sunday opening in early April and have continued falling. As of this typing, crude has sliced ±$15.00 off its post-announcement high, through $70.00 per barrel and is currently hovering near $69.00. Even this week’s news of another Iranian seizure of a foreign-flagged oil tanker in the Persian Gulf and yesterday’s much-larger-than-expected decline in crude oil stocks – 3.9 million barrels – failed to quell bearish sentiment. Keep an eye on this Friday’s jobs data as the report now stands in front of a significant crude oil sell-off with the numbers more capable than usual to drive the direction of crude oil near-term.

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Plan your trade and trade your plan. 

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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

Futures Trading Levels

for 05-04-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

3b644da2 2bee 4d39 8d98 5208a20bec39

Economic Reports, Source: 

Forexfactory.com

 

 

 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Weekly Newsletter: What are the big boys up to? + Levels for May 1st, 2023

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1143

 

Join our private Facebook group for additional insight into trading and the futures markets!

In this issue:

  • Important Notices – FOMC is this Week!
  • Trading Resource of the Week – What are the “Big Boys” Up To?
  • Hot Market of the Week – June Heating Oil
  • Broker’s Trading System of the Week – Free Consultation
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

  • Important Notices – FOMC this week with statement and rate decision due Wednesday

The following are my PERSONAL suggestions on trading during FOMC days:
·    Reduce trading size
·    Be extra picky = no trade is better than a bad trade
·    Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 3925.00 with a stop at 3919.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 3919.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).
·    Expect the higher volatility during and right after the announcement
·    Expect to see some “vacuum” ( low volume, big zigzags) right before the number.
·    Consider using automated stops and limits attached to your entry order as the market can move very fast at times.
·    Keep in mind statement comes out at 1 Pm Central time, the news conference which dissects the language comes out 30 minutes later so the volatility window stretches out.
·    Know what the market was expecting, learn what came out and observe market reaction for clues
·    Be patient and be disciplined
·    If in doubt, stay out!!

  • Trading Resource of the Week – What are the Big Boys up to?

Trading 102: Commitment of Traders Report – What Lies beneath

In this 24 page PDF booklet, Gary Kamen of Trends in Futures reviews the commitment of traders report, what it means, how traders can utilize it and much more.
Sign up and instantly download the booklet and learn about:
* History of the COT report
* Why is this report important?
* The new COT report
* How can you use the information in this report?
* And much more….

A Cannon broker will be able to assist, provide feedback and answer any questions.

 

Hot market of the week is provided by QT Market Center, A swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
June heating oil completed its second downside PriceCount objective last month and corrected. Now, the chart is threatening to break down where new sustained lows from here would project a run to the third count in the 2.05 area
PriceCounts – Not about where we’ve been , but where we might be going next!
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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
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Are you too busy to trade? Perhaps you’re not confident enough and you’re trading. Maybe you’re looking to the diversify your own trading with algorithmic trading or what we call automated trading. One of the best resources you can utilize is our Brokers will be happy to provide feedback and consultation based on your specific needs, risk tolerance, and goals.
Take advantage of our knowledge and experience and book a FREE, no obligation consultation.
Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.

  • Trading Levels for Next Week

Daily Levels for May 1st, 2022
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Weekly Levels

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  • Trading Reports for Next Week

First Notice (FN), Last trading (LT) Days for the Week:
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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading

NQ trading at resistance! + PCE & Chicago PMI Tomorrow

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Last trading day of April tomorrow!

See reports section below:

PCE

Univ. of Michigan

and Chicago PMI tomorrow can inject additional volatility into the market.

Both ES and NQ are trading against intermediate resistance level.

The Coinbase Derivatives Exchange (CDE) Nano Bitcoin and Nano Ether Futures Contracts are now available on E-Futures Int’l trading platform. Cannon Trading, through our clearing partner, StoneX Offers Clients Access to Coinbase Derivatives Exchange Contracts Cleared by Nodal Clear | Business Wire

E-Futures Contract Symbols

Nano Bitcoin = BIT

Nano Ether = ET

Contract Specs

Coinbase_Derivatives_Nano_Bitcoin_Spec_V2.pdf (ctfassets.net)

Coinbase_Derivatives_Nano_Ether_Spec_V2.pdf (ctfassets.net)

Plan your trade and trade your plan. 

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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

Futures Trading Levels

for 04-28-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

3b644da2 2bee 4d39 8d98 5208a20bec39

Economic Reports, Source: 

Forexfactory.com

 

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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Nano bitcoin futures and Nano Ether futures + Futures Levels 4.26.2023

Posted on by Ilan
Get Real Time updates and more on our private FB group!

The Coinbase Derivatives Exchange (CDE) Nano Bitcoin and Nano Ether Futures Contracts are now available on E-Futures Int’l trading platform. Cannon Trading, through our clearing partner, StoneX Offers Clients Access to Coinbase Derivatives Exchange Contracts Cleared by Nodal Clear | Business Wire

E-Futures Contract Symbols

Nano Bitcoin = BIT

Nano Ether = ET

Contract Specs

Coinbase_Derivatives_Nano_Bitcoin_Spec_V2.pdf (ctfassets.net)

Coinbase_Derivatives_Nano_Ether_Spec_V2.pdf (ctfassets.net)

Plan your trade and trade your plan. 

ac6683dd 071f 4f97 96dd d187d2800712

 

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

Futures Trading Levels

for 04-26-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

3b644da2 2bee 4d39 8d98 5208a20bec39

Economic Reports, Source: 

Forexfactory.com

 

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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Earnings Ahead!, Future Markets to Watch + Trading Levels 4.25.2023

Posted on by Ilan
Get Real Time updates and more on our private FB group!

The week Ahead:

By John Thorpe, Senior Broker

Amazon, Alphabet, Microsoft other companies scheduled to report this week represent a broad section of the economy. B of A, Visa , Mastercard, Meta platforms another big tech co laying out the numbers for all to see. It will be interesting to see how the tech sector reports since the recent rally was largely lead by the tech sector as the industry has been actively trimming head count for the past 9 months. When you read or hear these earnings reports (the past) it’s critical to pay attention to forward looking statements (the future) that will form an economic forecast of sorts for you. File that away in your cranium as you accumulate these forward looking statements from the large corporate CEO’s and COO’s . As you compile the aggregate , you will have a better sense of where our economy is headed.

On the economic numbers front pay attention to Housing date tomorrow, the 25th , Durable goods on Wednesday the 26th and GDP, jobless claims on Thursday the 27th. there is plenty of data coming this week to expose the markets to tide after tide after tide of highs and lows from which to trade.

Plan your trade and trade your plan. 

 

 

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

Futures Trading Levels

for 04-25-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

3b644da2 2bee 4d39 8d98 5208a20bec39

Economic Reports, Source: 

Forexfactory.com

 

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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Futures Trade Alerts you can PLUG in Sierra Charts + Trading Levels 4.21.2023

Posted on by Ilan
Get Real Time updates and more on our private FB group!

July is front month for GRAINS and SOFTS.

Flash PMI tomorrow.

Would you like to try the signals below on your own charts? The below is ES 10,000 volume chart from today’s session.

Get your FREE TRIAL today.

 

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HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NO INVOLVE FINACIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETLEY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

 

Plan your trade and trade your plan. 

 

 

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

Futures Trading Levels

for 04-21-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

3b644da2 2bee 4d39 8d98 5208a20bec39

Economic Reports, Source: 

Forexfactory.com

 

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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

China, Copper and Futures for the last 2 trading days + Trading Levels 4.20.2023

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Bullet Points, Highlights, Announcements:

By Mark O’Brien, Senior Broker

General: Albeit a lurching progression, as it’s coming out of the first quarter, China’s Post-Covid recovery looks to be gaining traction – arguably more so than here in the U.S. – if their trade balance numbers are a good yardstick. Data released early last week showed a meaningfully-above-consensus $88.2 billion surplus, including a year-over-year 14.8% increase in exports (its first YOY gain in six months) and a stout 28% monthly increase in crude oil imports (12.3 million barrels per day) over February. Iron ore and coal imports also showed considerable month-over month gains. We keep an eye on this country’s economic health because it accounts for ±18% – almost a fifth of the world’s GDP, second to the U.S. at ±25%. The next 10 countries combined, including Japan, Germany, the U.K., India, Canada and South Korea account for another ±30%.

With their economies in competition with each other, further recovery for China against the U.S.’s current grind to control inflation and stave off a recession – even the slightest of one – puts pressure on the dollar, now ±6 months in decline from its 20-year highs. This bodes well for physical commodities such as copper, crude oil grains and soy complex markets. Keep an eye on the world economic picture – particularly China’s journey to recovery – to provide guidance for your trades.

 

ac6683dd 071f 4f97 96dd d187d2800712

 

Plan your trade and trade your plan. 

 

 

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

Futures Trading Levels

for 04-20-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

3b644da2 2bee 4d39 8d98 5208a20bec39

Economic Reports, Source: 

Forexfactory.com

 

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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Tomorrow’s Levels Today! 04.18.2023 Trading

Posted on by Ilan
Get Real Time updates and more on our private FB group!

 

Fear? Greed? Who is moving the markets?

Is it news? big players? perhaps order flow?

Should you be trading one market and become an “expert” or should you be following a few markets for diversification?

Have you heard about spreads? same day options?

You can get answers to the above and MUCH more by talking to an experienced broker which can be one of the most valuable resources a trader can utilize when trading futures.

 

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Plan your trade and trade your plan. 

 

 

 

 

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

Futures Trading Levels

for 04-18-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

3b644da2 2bee 4d39 8d98 5208a20bec39

Economic Reports, Source: 

Forexfactory.com

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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

The Week Ahead + 04.11.2023 Trading Levels

Posted on by Ilan
Get Real Time updates and more on our private FB group!

 

The Week Ahead

by John Thorpe, Senior Broker

 

I hope everyone is rested from the holiday week behind us, this week’s economic number releases should keep all the traders on their toes.

CPI Wednesday! The standouts will be the March CPI data on Wednesday at 7:30 CT and retail and food services sales at 7:30 CT on Friday. The CPI will be critical to the inflation outlook for Fed policymakers.

Previous CPI reports have created velocity logic events in the stock indices at the CME. The above reports will Bookend the FOMC minutes release @1pm CT on Wednesday.

If you recall the FED Meeting Black out period was before the Bank issues so don’t expect too much verbage about the banking situation in this report. Also Remember, expectations will be baked into the market at release time, after release, the market has sustained moves when the reality is much different from the expectations.

 

Plan your trade and trade your plan. 

 

First Notice and Last trading Days for the month of May below

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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

Futures Trading Levels

for 04-11-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

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Economic Reports, Source: 

Forexfactory.com

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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.